FEBRUARY'S GOLD NUGGET: ₹2,000 crore inflow, a record-breaking haul
The rupee's depreciation against the US dollar since Diwali 2024 has supported domestic prices
NSE Indices announced on Friday the removal of Britannia and Bharat Petroleum Corporation from the flagship Nifty 50 index
Geopolitical tensions and fears of trade wars due to anticipated US tariff announcements are the key drivers of gold prices
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Where investors find philosopher's stone, with Rs 19K crore inflow in first 11 months of CY 2024
Index fund folios double; nearly 40% jump in ETF accounts
Indian fund houses have cumulatively hit the investment ceiling set by the Reserve Bank of India (RBI): $7 billion for overseas mutual fund (MF) investments
Retirement fund body EPFO has invested Rs 34,207.93 crore in exchange traded funds (ETFs) during the April-October period this fiscal year, Parliament was informed on Monday. According to a written reply to Lok Sabha by Minister of State for Labour & Employment Shobha Karandlaje, the Employees' Provident Fund Organisation (EPFO) had invested Rs 57,184.24 crore in the ETFs. The total corpus of various funds managed by EPFO was Rs 24.75 lakh crore as on March 31, 2024, including debt investments of Rs 22,40,922.30 crore and Rs 2,34,921.49 crore in ETFs. The minister told the House that the EPFO does not invest directly in any of the individual stocks in the equity market. The EPFO regularly invests in equity markets through ETFs replicating BSE-Sensex and NSE NIFTY-50 indices, she stated. In addition, EPFO has also invested from time to time in ETFs constructed specifically for disinvestment of shareholding of the Government of India in body corporates, namely ETFs tracking Bharat .
The board also approved the rollout of the centralised payment system by Dec 31 which will allow pensioners to withdraw money from any branch of any bank nationwide
Investors should approach ETFs as long-term investments and avoid frequent trading
Among passive fund categories, sectoral funds are the top choice, according to the surveyed investors
The WGC, an industry body grouping global gold miners, said North American gold demand was boosted by uncertainty around the US presidential election
Indian bonds have attracted $15.7 billion of inflows this year, the most in Asia behind China, South Korea and Japan, data compiled by Bloomberg show
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These schemes invest at least 80 per cent in shares of technology companies. As of August 31, 2024, 26 technology sector schemes managed assets worth Rs 45,637 crore.
The fund house, backed by Union Bank of India and Dai-ichi Life Holdings, said that the early signs of rural consumption and the festive season are positive
'Easier concentration norms, higher leverage, and approval for securities currently outside MF scope'
While gold, silver, and international exchange-traded funds (ETFs) will qualify for the 12.5 per cent LTCG taxation in 12 months as they are listed on exchanges